So what price do you have on having navigated the Canadian permitting system to mean you have a mining licence on a 10Mt deposit?
The quarterly burn is still significant because GT1 haven't gone in to hibernation and are still trying to get the projects FID ready. At some stage the lithium market is going to shift its thinking from there's a lot of supply coming online to a WTF moment around where are all the new projects to meet demand.
The time window to FID a flotation based project and deliver anything in 2025 has been and gone. That time window to deliver Spod in 2025 via DMS is rapidly closing. What's going to happen to the price of lithium if demand keeps on growing and new supply doesn't?
GT1 Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
